Looking ahead to 2020 (November 2019)
Planning for – or even thinking about – 2020 taxes when it’s not
even December 2019 may seem more than a little premature. However,
most Canadians will start paying their taxes for 2...
Planning for year-end charitable donations (November 2019)
The start of fall marks a lot of things, among them a number of
runs, walks and other similar events held to raise money for a
broad range of Canadian charities. And, within the next month, as
the hol...
Getting a fix on your retirement income (November 2019)
Most Canadians expend a considerable amount of time and effort in
order to put money aside for retirement. Especially in an era in
which the majority of workers can’t look forward to receiving a...
Taking stock of your TFSA (October 2019)
Tax-free savings accounts (TFSAs) have been around for a full
decade now, having been introduced in 2009, and for most Canadians,
a TFSA (along with a registered retirement savings plan (RRSP)) is
now...
When are legal fees deductible? (October 2019)
In most cases, the need to seek out and obtain legal services (and
to pay for them) is associated with life’s more unwelcome
occurrences and experiences — a divorce, a dispute over a famil...
Shared-custody parents and the Canada Child Benefit (October 2019)
When parents separate and divorce, it is frequently the case that
they are able to agree on an arrangement to share custody of their
children. Such a shared-custody arrangement is often to the
benefit...
Lund & Associates is pleased to announce that Theresa MacDonald, CPA, CGA, has joined our practice as of January 2, 2019. Welcome Theresa!
2018 Personal Tax Rates
Ordinary Income
Dividends (Eligible)
Dividends (Ineligible)
Capital Gains
Up to $43,000
20.05%
0%
7.81%
10.03%
$43,000 to $46,600
24.15%
0%
12.57%
12.08%
$46,600 to $75,600
29.65%
6.39%
18.95%
14.83%
$75,600 to $86,000
31.48%
8.92%
21.07%
15.74%
$86,000 to $89,100
33.89%
12.24%
23.87%
16.95%
$89,100 to $93,200
37.91%
17.79%
28.53%
18.95%
$93,200 to $144,500
43.41%
25.38%
34.91%
21.70%
$144,500 to $150,000
46.41%
29.52%
38.39%
23.20%
$150,000 to $205,800
47.97%
31.67%
40.20%
23.98%
$205,800 to $220,000
51.97%
37.19%
44.842%
25.98%
Greater than $220,000
53.53%
39.94%
46.65%
26.76%
2018 Corporate Tax Rates
CCPC up to $500,000
13.50%
Ordinary corporate income
26.50%
Manufacturing and processing corporate rate
25.00%
Investment income
50.17%
Refundable portion of tax on investment income
30.67%
Net of refundable on investment income
19.50%
Dividend refund
38.33%
Tax on portfolio dividends
38.30%
Dividend gross-up (eligible)
38.00%
Dividend gross-up (ineligible)
16.00%
A New Consulting Division at Lund & Associates …
Services Relating to the Sale of a Business
We are excited to announce that we are expanding at Lund & Associates to include a consulting division to offer services relating to the planning for and actual sale of a business at a maximum value.
Valuing the business
Preparing the business for sale to maximize value
Minimizing risk factors for a purchaser that affect the ability to sell the business
Tax planning relating to the sale of a business
Preparing information documents to assist in the sale process
Identifying potential buyers and approaching the buyers
Assisting with the negotiation of terms to the point of a Letter of Intent
Coordinating document flow with banks/lenders involved in the business and sales transaction
Liaison with lawyers to assist in preparation of agreements
We have developed expertise in this area over several years as we have been working with owner-managers right through their business cycle from start-up to eventual sale of the business.
In most cases planning for the sale of a business should begin several years before the planned sale date.
If you, or anyone you know, are interested in discussing how we can help you prepare for the Sale of a Business, please contact Brad Lund at bradl@lundandassociates.com .
